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US auto sales plunge but bottom seen nearUS auto sales fell 37 percent in March, a smaller-than-expected drop that encouraged hope that the world's largest car market is nearing a bottom after a freefall that has pulled the industry into a deepening crisis. General Motors Corp, w More… |
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US auto CEOs beg for billionsHaving grounded their luxury jets and agreed to work for $1 a year, the heads of the 'Big Three' US automakers dropped arrogance for humility on Thursday in a new plea for federal help to survive. 'We're here today because More… |
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US auto sales hit 15-year lowUS auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp retain its No. 1 spot and steer clear of the wipeout many had feared. Record gas prices and declining trade-in values for big trucks More… |
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US auto sales seen down in DecemberUS automakers were expected to report on Thursday that sales finished 2007 weakly, hurt by the housing slump and high gasoline prices, and the resulting worst sales year in a decade for the industry was seen as likely to increase pressure for furt More… |
